On August 25, TTM Technologies Inc rose 5.48% in regular trading, trading at $111.25/share, with turnover of $27.49 million. The rebound follows a 5.03% decline in the prior session and is supported by both insider buying activity and a broader sector recovery.
On the news front, company director Geveden Rex D purchased 5,000 shares on August 24 at $104.90 per share, totaling approximately $524,500. The open-market purchase, made immediately after the prior session's sharp selloff, signals insider confidence in the company's outlook. The previous day's decline had been attributed to continued pressure following the announcement of an approximately $1.1 billion all-cash acquisition of Epiq Design Solutions, aimed at expanding TTM's RF, software-defined radio, and space computing portfolio across defense markets.
Meanwhile, the Electronic Manufacturing Services sector staged a broad-based rebound, with Celestica up 3.68%, Flex Ltd up 3.42%, Fabrinet up 2.84%, and Plexus up 2.67%, providing additional tailwinds. Fundamentally, TTM's Q2 results remain supportive, with adjusted EPS of $0.99 beating consensus of $0.90 and revenue growing 37.42% year-over-year to $1.004 billion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)